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Socket Mobile, Inc.

SCKT

Socket Mobile, Inc. • NASDAQ
$1.34 ▲ 0.75% (+0.01)
Market Cap $10.68 M
52w High $1.72
52w Low $0.82
Dividend Yield 0%
P/E -3.53
Volume 15.84K
Outstanding Shares 7.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.107M ▼ $2.539M ▼ $-1.198M ▼ -38.558% ▼ $-0.15 ▼ $-1.058M ▼
Q2-2025 $4.042M ▲ $2.695M ▼ $-792K ▲ -19.594% ▲ $-0.1 ▲ $-205.886K ▲
Q1-2025 $3.966M ▼ $2.892M ▲ $-994K ▼ -25.064% ▼ $-0.13 ▼ $-427.827K ▼
Q4-2024 $4.831M ▲ $2.876M ▼ $38K ▲ 0.787% ▲ $0.005 ▲ $6.805K ▲
Q3-2024 $3.872M $2.928M $-1.115M -28.805% $-0.15 $-631.824K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.016M ▼ $25.645M ▼ $9.985M ▼ $15.661M ▼
Q2-2025 $2.605M ▲ $26.965M ▼ $10.29M ▲ $16.676M ▼
Q1-2025 $1.707M ▼ $27.159M ▼ $9.922M ▲ $17.237M ▼
Q4-2024 $2.492M ▼ $27.346M ▼ $9.185M ▼ $18.16M ▲
Q3-2024 $2.913M $27.721M $9.759M $17.961M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-792.141K ▲ $-464.441K ▲ $-136.917K ▼ $1.5M ▲ $898.642K ▲ $-601.358K ▲
Q1-2025 $-994.14K ▼ $-732.97K ▼ $-52.304K ▲ $0 ▲ $-785.274K ▼ $-785.274K ▼
Q4-2024 $38K ▲ $-87.035K ▼ $-223.885K ▲ $-110.455K ▼ $-421.375K ▼ $-310.92K ▼
Q3-2024 $-1.115M ▼ $203.974K ▲ $-396.605K ▼ $989.049K ▲ $796.418K ▲ $-192.631K ▲
Q2-2024 $-607.631K $-543.534K $-111.393K $0 $-654.927K $-654.927K

Revenue by Products

Product Q2-2024Q3-2024Q1-2025Q2-2025
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue over the past several years has been relatively small and fairly flat, suggesting the business has not yet found a strong growth engine. Gross margins appear reasonable for a hardware-plus-software company, but they are not high enough to consistently cover operating costs. Profitability has been uneven: a clearly profitable year in the recent past was followed by renewed losses, and the latest periods show the company back in negative territory. Overall, the income statement reflects a company in transition, with promising technology but not yet enough scale or customer adoption to deliver stable, sustainable earnings.

Balance Sheet

Balance Sheet The balance sheet is modest and fairly lean. Total assets and equity have stayed in a narrow range, which indicates the company has neither expanded aggressively nor shrunk dramatically. Cash reserves are limited, which reduces financial flexibility and makes the business more sensitive to downturns or execution missteps. Debt, which was once minimal, has increased, adding some financial risk and creating a need for future repayments or refinancing. Equity remains positive, but the cushion is not large, so prolonged losses could pressure the company’s financial position over time.

Cash Flow

Cash Flow Cash generation has been weak and close to break-even over several years. Operating cash flow does not show a strong or consistent inflow, which means the business is not yet self-funding in a robust way. Free cash flow is similarly thin, helped somewhat by low spending on equipment and capital projects. While the restrained investment keeps cash needs down, it also limits how aggressively the company can pursue growth without outside funding. Overall, cash flow metrics point to careful cash management but also to a lack of strong underlying cash-generating power so far.

Competitive Edge

Competitive Edge Socket Mobile occupies a focused niche in mobile data capture, especially around tablet and smartphone-based point-of-sale and other mobile workflows. Its main edge is a software-led, developer-centric ecosystem built around its CaptureSDK and SocketCam, which makes it easier for app developers to adopt and then stay with its hardware. This creates some stickiness and switching costs. However, the broader barcode and industrial data capture market is dominated by much larger, well-established players such as Zebra and Honeywell, with broader product lines, deeper enterprise relationships, and stronger brands. As Socket Mobile pushes into industrial and rugged environments, it faces intense competition, and recent revenue declines suggest that defending and expanding its share will be challenging. The company has a clear niche and strategy but competes from a position of much smaller scale and higher vulnerability.

Innovation and R&D

Innovation and R&D The company is clearly leaning on innovation as its main lever. CaptureSDK and SocketCam are central to a strategy that puts software and developer experience ahead of pure hardware specs, aiming to make Socket Mobile devices the default choice inside many third-party applications. Hardware lines such as SocketScan, DuraScan, and XtremeScan show a deliberate move up the value chain—from light retail use cases into rugged industrial and logistics applications. Recent product updates and new models signal active R&D and a willingness to evolve with technology shifts like Bluetooth Low Energy and more advanced scanning algorithms. The key uncertainty is not whether the company can innovate—it has—but whether these innovations will translate into broad adoption, higher pricing power, and durable customer relationships in the face of larger rivals.

Summary

Socket Mobile looks like a small, specialized technology company with solid products and a thoughtful, software-centric strategy, but with financials that show limited scale, inconsistent profitability, and tight cash resources. Its developer ecosystem and strong integration with mobile operating systems, especially iOS, give it a differentiated position in certain niches, particularly mobile point-of-sale. At the same time, declining recent revenues, modest balance sheet strength, and rising competition in its target markets create meaningful execution risk. Future performance will likely hinge on its ability to convert its innovation pipeline—especially XtremeScan and the broader CaptureSDK ecosystem—into sustained revenue growth and a return to reliable profitability, all while managing cash carefully and competing against much larger industry incumbents.

NEWS

October 22, 2025 · 4:05 PM UTC

Socket Mobile Reports Third Quarter 2025 Results

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October 16, 2025 · 9:00 AM UTC

Socket Mobile Announces Third Quarter 2025 Results Release Date and Conference Call

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October 8, 2025 · 9:00 AM UTC

Socket Mobile Introduces CaptureSDK 2.0, Foundational Software for Next-Generation Data Capture Products

Read more